188ÌåÓý

Throughout this manual, all legislative references are to (“TCGA92�) unless otherwise stated.

The relief was introduced through S290 and Schedule 37 Finance Act 2014 (FA14).  The rules for relief are in S236H to S236U TCGA92and Sch37, Para 3, FA14 which cover the subjects listed below. The legislation was then amended in Finance Act 2025.

Section 236HÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý    Outline of the principal relief

Section 236IÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý     The ‘trading requirementâ€� for C

Section 236JÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý     The ‘all-employee benefit requirementâ€� for the settlement acquiring the shares

Section 236KÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý    Provisions about the ‘equality requirementâ€� in the previous section

Section 236LÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý    Cases in which ‘all-employee benefit requirementâ€� is treated as met

Section 236LAÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý The ‘trustee independence requirementâ€�

Section 236MÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý   The ‘controlling interest requirementâ€� for the settlement acquiring the shares

Section 236NÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý    The ‘limited participation requirementâ€�

Section 236OÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý    ‘Disqualifying eventsâ€� in the tax year following the tax year in which a disposal took place, which prevent the relief from applying

Section 236PÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý     ‘Disqualifying eventsâ€�, which trigger a deemed disposal and reacquisition by the trustees of the settlement

Section 236QÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý    Relief for deemed disposals under TCGA92/S71

Section 236RÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý    ‘Disqualifying eventsâ€� in the tax year following the tax year in which a deemed disposal under section 236Q took place, which prevent the relief from applying

Section 236SÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý    Identification of shares

Section 236TÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý    Further provisions about significant and controlling interests

Section 236UÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý   Interpretation

Sch 37, Para 3ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý  Transitional provisions, which affect the terms or the application of the following sub-sections of TCGA92

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý                        S236H(4)(b), (4)(c)(ii), (5) and (8)

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý                        S236N(1) and (3)

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý                        S236O

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý                        S236P(1), (2) and (3)

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý            S236Q(7)

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý            S236R